Commodities remain the hot property of 2021 Ole S Hansen
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The “everything rally” in commodities continues to gather steam with the Bloomberg Commodity Spot index rising for the fifth straight week to reach its highest level since 2011.
Spurred on by multiple factors from a vaccine-led rebound in global growth, transportation bottlenecks crimping supplies, weather concerns in key growing regions along with rising inflation concerns and a speculative frenzy triggering increased investment demand.
All the major commodities traded higher this past week led by iron ore, lumber, Arabica coffee and corn. Metals of all colours rallied as well with copper reaching a record high while gold, supported by silver, managed to break above $1,800. The energy sector came bottom with crude oil, rightfully so, struggling to break higher with virus outbreaks in Asia creating a very uneven demand recove
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Цена на сырье поднялась до максимума minprom.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from minprom.ua Daily Mail and Mail on Sunday newspapers.